The global energy sector is in flux, transitioning from reliance on fossil fuels to clean energy sources at an unprecedented pace. This book explores the complex interplay between this transition and international investment law.
The book navigates the tension between attracting crucial and expensive investments in clean energy and protecting a state’s right to regulate its energy sector for environmental and other reasons. It analyses how international treaties and investment arbitration tribunals are evolving to address these challenges, examining how the scope of investment protection is being redefined and the delicate balance between stability and regulatory flexibility is being recalibrated. The book delves into this complex landscape, exploring how established legal frameworks, especially international investment law, grapple with the unique characteristics of renewable energy, critical minerals, and rapidly evolving technologies.
While offering a roadmap for the current energy transition, the book also identifies unanswered questions. It paves the way for further discussion on critical mineral supply chains and the future of international investment law in a transformed energy landscape.
1. Introduction, Volker Roeben and Rahmi Kopar 2. The Right to Regulate and the Energy Charter Treaty: A Developing Narrative, Crina Baltag 3. Old Wine in New Bottles: An Environmental Account of the Modernisation of the Energy Charter Treaty, Elena Cima 4. The Investment Protection Status of Fossil Fuel-Related Investments in International Investment Law, Martin Jarrett 5. The Energy Charter Treaty 2.0: Promoting and Protecting Energy Investments in an Era of Sustainable Development, Ylli Dautaj 6. Türkiye’s Energy Charter Treaty Investment Arbitration Map: An Analysis of Arbitral Tribunal positions on unmeritorious applications, Can Eken and Volker Roeben 7. Dispute Resolution and the Energy Transition Rollercoaster, Peter Cameron 8. Future Developments in Investor-State Disputes in the Renewable Energy Sector: From Fair and Equitable Treatment to the Rise of Protectionism and Sovereign Supply? Penelope Crossley 9. Conclusion
Rahmi Kopar is Assistant Professor at Ankara Yildirim Beyazit University, Turkey. Volker Roeben is Professor of International Law and Dean at Durham Law School, UK.